Parallex Bank Wins ‘Digital Financial Groundbreaker of the Year’ Award

Parallex Bank has further cemented its status as one of Nigeria's top trailblazing financial players by securing the "Digital Financial Groundbreaker of the Year" honor at the Banks and Other Financial Institutions (BAFI) Awards, hosted by BusinessDay Newspaper.

This latest accolade came during an impressive gala event in Lagos last weekend, representing the third year in a row that Parallex Bank has taken home a top prize from this respected gathering. Previously, the institution earned the "Challenger Bank of the Year" nod back in 2023, followed by the highly sought-after "Bank of the Year" title in 2024.

Standing in to accept the award, Mr. Ayodeji Abimbola, who leads Treasury and Institutional Banking at Parallex Bank Limited, called the moment a true affirmation of the team's dedication to transforming how customers engage with finance via smart tech and fresh ideas.

He shared, "It's more than just a win for us at Parallex; it's a shout-out to all our customers who've trusted our goal of making banking feel effortless and global." Abimbola went on to emphasize their ongoing drive: "We're all in on using the latest digital tools to streamline money matters and lift up people and companies throughout Nigeria and further afield."

BusinessDay explained that this particular award spotlights those in finance who've shown outstanding creativity, smooth operations, and a real emphasis on putting customers first, all fueled by smart digital shifts.

Event organizers gave special praise to Parallex Bank for its pioneering work in online banking, effortless blending of services, and dedicated efforts to bring more folks into the financial fold.

Experts in the field point out that these back-to-back successes at the BAFI Awards underscore how quickly Parallex Bank has evolved from an upstart to a serious force in Nigeria's bustling finance world.

Ever since it stepped up to become a complete commercial bank, Parallex has set itself apart with intuitive online tools, straightforward dealings, and community-focused programs designed to boost small businesses and overlooked groups.

In response to the news, Dr. Olufemi Bakre, the Managing Director of Parallex Bank, reflected on their path forward: "Our story has always centered on shaking things up in the industry, and we're thrilled to stand as a bank guided by fresh thinking, honesty, and real-world change." He added...

Now in its 12th year, the BAFI Awards shine a light on standout performance and guidance in Nigeria's banking and finance arena, honoring those who've driven meaningful progress and happier clients.

As it adds this fresh recognition to its collection, Parallex Bank keeps building its image as a truly progressive, tech-savvy leader in the nation's financial scene.